Re:The Ransomware Problem Is a Bitcoin Problem
by tptacek on Friday June 04, 2021 @02:33PM
(#27397239)
We don't have a huge mugging problem. We have muggings (I've been mugged), but they occur infrequently enough that society isn't disrupted. You can't say that about ransomware. Not only that, but we have done things to defang muggings; for instance, it's been made less lucrative (and more dangerous for the mugger) to steal a modern phone.
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Re:The Ransomware Problem Is a Bitcoin Problem
by toxik on Friday June 04, 2021 @02:46PM
(#27397444)
But that’s not what decides if cash is viable. If we had a huge mugging problem, we would call for better law enforcement, not less cash.
Re:The Ransomware Problem Is a Bitcoin Problem
by tptacek on Friday June 04, 2021 @03:03PM
(#27397678)
No, people generally carry much less cash now, and part of the reason why is that it's so easily stolen.
Re:The Ransomware Problem Is a Bitcoin Problem
by devonbleak on Friday June 04, 2021 @04:33PM
(#27398766)
I'd argue that's a small part of the reason. Like a rounding error vs the inconvenience factor of dealing with stuff like coins, having to go to a physical location during restrictive hours/days to obtain more than a trivial amount of cash, etc.